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Consumer prices up 7.5 percent over year ended January 2022

February 16, 2022

Over the 12 months from January 2021 to January 2022, the Consumer Price Index for All Urban Consumers (CPI-U) rose 7.5 percent. This is the largest 12-month increase since the 12-month period ending February 1982. Food prices increased 7.0 percent over the past year, while energy prices rose 27.0 percent.

Consumer Price Index for All Urban Consumers, 12-month percent change, by expenditure category, January 2022
Expenditure category 12-month percent change,
Jan. 2021–Jan. 2022
Relative importance weight,
Dec. 2021

All items

7.5% 100.000%

Food

7.0 13.370

Food at home

7.4 8.165

Cereals and bakery products

6.8 1.030

Meats, poultry, fish, and eggs

12.2 1.888

Dairy and related products

3.1 0.752

Fruits and vegetables

5.6 1.408

Nonalcoholic beverages and beverage materials

5.0 0.933

Other food at home

7.4 2.153

Food away from home

6.4 5.205

Energy

27.0 7.348

Energy commodities

39.9 4.014

Fuel oil

46.5 0.115

Motor fuel

40.0 3.822

Gasoline (all types)

40.0 3.748

Energy services

13.6 3.334

Electricity

10.7 2.454

Utility (piped) gas service

23.9 0.879

All items less food and energ

6.0 79.282

Commodities less food and energy commodities

11.7 21.699

Apparel

5.3 2.458

New vehicles

12.2 4.105

Used cars and trucks

40.5 4.143

Medical care commodities

1.4 1.524

Alcoholic beverages

2.7 0.889

Tobacco and smoking products

7.0 0.526

Services less energy services

4.1 57.583

Shelter

4.4 32.946

Medical care services

2.7 6.962

Transportation services

5.6 5.599

Note: These data are not seasonally adjusted.

Prices for food at home rose 7.4 percent over the last 12 months. All of the six major grocery store food groups increased over the period. By far the largest increase was that of meats, poultry, fish, and eggs, which rose 12.2 percent over the year. Prices for dairy and related products increased 3.1 percent, the smallest 12-month increase among in the food at home category.

Prices for food away from home rose 6.4 percent over the last year, the largest 12-month increase since January 1982.

Within the energy category, gasoline prices rose 40.0 percent over the last year, despite declining in January. Prices for natural gas rose 23.9 percent over the last 12 months, and prices for electricity rose 10.7 percent.

Prices for all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. Within this grouping, prices for shelter increased 4.4 percent over the past year, prices for medical care services were up 2.7 percent, while prices for transportation services increased 5.6 percent.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see "Consumer Price Index — January 2022." Also see more charts related to the latest Consumer Price Index news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices up 7.5 percent over year ended January 2022 at https://www.bls.gov/opub/ted/2022/consumer-prices-up-7-5-percent-over-year-ended-january-2022.htm (visited September 27, 2022).

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